The agreement said Loose would collect his full salary and benefits until Oct. 31 but would not get any post-retirement benefits, according to an Orange County Register article.

Balderas currently serves as the superintendent for the Madera Unified School District, which has about 19,500 students.

Before that, he worked in Hillsboro, Ore., as a teacher, counseling coordinator, principal and assistant superintendent, among other jobs.

"I am incredibly excited to begin work with the Ocean View students, staff and community," Balderas wrote in a prepared statement. "Ocean View has a stellar reputation as an innovative leader in education. We will work to build on our successes and look for new areas to expand our efforts."

Ocean View School District serves about 9,500 elementary school students.

Board president Tracey Pellman said the district looks forward to working with Balderas.

"His strong curriculum background as well as his experience with business and finance will prove to be just what Ocean View needs," she wrote in a statement.